ConocoPhillips to evaluate oil prospects in Venezuela, Bloomberg reports

ConocoPhillips (COP) has sent a team to Venezuela to evaluate the prospects for a return to drilling in the oil-rich nation, nearly two decades after billions of dollars in assets were seized by the socialist regime, Bloomberg’s David Wethe reports. The undertaking makes ConocoPhillips just the second major U.S. oil company to publicly disclosed an on-the-ground inspection in Venezuela.